Ignite Planners LLC Takes $262,000 Position in The TJX Companies, Inc. (NYSE:TJX)

Ignite Planners LLC purchased a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,053 shares of the apparel and home fashions retailer's stock, valued at approximately $262,000.

A number of other hedge funds have also made changes to their positions in TJX. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of TJX Companies by 58.8% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after purchasing an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC lifted its holdings in shares of TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after acquiring an additional 149 shares during the period. Inlight Wealth Management LLC bought a new position in shares of TJX Companies during the first quarter valued at $37,000. Rialto Wealth Management LLC raised its holdings in shares of TJX Companies by 105.9% in the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after buying an additional 179 shares during the last quarter. Finally, Proathlete Wealth Management LLC acquired a new stake in shares of TJX Companies in the 1st quarter valued at $52,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

TJX traded up $0.03 on Friday, reaching $126.29. The stock had a trading volume of 5,143,166 shares, compared to its average volume of 5,344,057. The business's 50-day moving average price is $125.72 and its two-hundred day moving average price is $124.24. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85. The company has a market cap of $141.07 billion, a P/E ratio of 29.71, a price-to-earnings-growth ratio of 2.95 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 earnings per share. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.35%. TJX Companies's payout ratio is 40.00%.

Insider Transactions at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the transaction, the director directly owned 22,712 shares in the company, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on TJX shares. Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a report on Wednesday, May 21st. Daiwa America raised TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. Cowen reiterated a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. One research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, TJX Companies presently has a consensus rating of "Buy" and an average price target of $141.06.

TJX Companies Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.